The Big Whale - DigitalAssets (Page 31)

banking

Japanese Banking Crisis and Bitcoin's Potential Rise

* Arthur Hayes predicts Japanese banking crisis will boost Bitcoin and crypto markets. * MetaPlanet buys 23.5 BTC, causing stock to rise 10% despite Bitcoin price drop. * Japanese banks plan to sell $63 billion in U.S. and European bonds by March 2025. * Hayes expects Bank of Japan to purchase bonds,

artificialintelligence

Hong Kong Legislative Council Seeks Global Input on Web3 and Virtual Asset Development

* Seeking global industry input for Web3 policy recommendations and thematic discussions. * Established subcommittee on Web3 and virtual asset development to promote innovation. * Initiative aims to position Hong Kong as a global hub for Web3 innovation. * Focus on balancing technical, legal, and regulatory frameworks for Web3 development. * Enhancing international cooperation and

bitcoin

Bitcoin Miners Face Challenges Amid Rising Costs and Lower Rewards

* Bitcoin miners facing challengesOperational costs rising, rewards decreasing, hash rate slowing down. * 5% of mining hashrate strugglingMiners likely distributing holdings, not a complete firesale. * Hash ribbon inversion explained30-day hash rate average below 60-day, signaling mining difficulty. * Bitcoin halving impactRewards halved, miners turning off unprofitable rigs. * Miners selling coins to cover

ethereum

Asset Managers Submit Revised Proposals for Ethereum ETFs to SEC

* Asset managers submit revised proposals for Ethereum ETFs to SEC, including VanEck, BlackRock, Grayscale, and Invesco Galaxy Digital. * VanEck's Ethereum fund reveals a 0.20% management fee, putting pressure on competitors like BlackRock. * Fidelity files new S-1 form with SEC for an Ethereum ETF, aiming for a July

ethereum

SEC Drops Ethereum 2.0 Investigation, Raises Questions for Other Proof-of-Stake Coins

* Ether and Bitcoin volatility indexes show excitement over upcoming spot ETH ETFs. * Institutions may use spot ETFs for non-directional basis trades, impacting volatility pricing. * Ether's implied volatility exceeds Bitcoin's, but demand for ETH ETFs may be tepid. * Open interest in CME ether futures is significantly lower

ethereum

Ethereum's Rising MVRV and Potential Overvaluation Raises Concerns

* ETH MVRV rising faster than BTC MVRV, indicating potential overvaluation. * Ethereum's MVRV up 29.9% in 30 days, reaching 91.43% compared to Bitcoin's 127.41%. * High MVRV suggests potential overvaluation, but ETF trading may support prices. * Analyst predicts Ether to reach $10,000 by end

blockchain

Venture Capitalists Fuel Blockchain Startups with Billions in Funding

* Venture capitalists raise capital for blockchain startups, with Paradigm and Pantera Capital leading the way. * Tether plans to invest $1 billion in startups focusing on emerging markets, AI, and biotech. * Avail secures $43 million, Mirror World Labs gets $12 million in funding. * Plural Energy raises $2.33 million for onchain

cryptocurrency

CertiK Exposes Security Vulnerability in Kraken Exchange

* CertiK white-hat hack exposes Kraken's bug allowing users to print money. * Kraken lost nearly $3 million in crypto due to the exploit. * CertiK defends actions, claims Kraken demanded mismatched funds back. * White-hat hacking used to identify vulnerabilities in systems. * Kraken files motion to dismiss SEC lawsuit, denies being

campaign

Controversial Figure Martin Shkreli Claims Involvement in DJT Token, Allegedly Tied to Trump Family

* Martin Shkreli claims he co-created DJT token with Barron Trump, sparking controversy. * DJT token surged 385% to $0.02516 after unverified report of Trump's involvement. - * PoliFi tokens, including TRUMP and TREMP, down as DJT rises. * Exchanges like Kraken, ByBit, and OKX refuse to list TRUMP for being

altruism

Cryptocurrency Exchange FTX Demands Return of $5 Million Used for Controversial Property Purchase

* FTX demands return of $5M used for right-wing events at former hotel. * Property now owned by Lightcone Infrastructure hosts conferences for Silicon Valley supporters. * Guests at recent event included supporters of eugenics and scientific racism. * FTX sent $4.9M to Lightcone, including a $1M deposit not repaid. * FTX filed a

bearish

Bitcoin Whales Cash Out $1.2 Billion in Profit, Exacerbating Bearish Momentum

* Bitcoin whales cash out $1.2 billion in profit over two weeks. * Old whales selling at higher prices, impacting market liquidity. * Whale moves $44 million in Bitcoin after a decade of dormancy. * Market bearish with 6.6% Bitcoin drop and $300 million outflows from ETFs. * Bitcoin whales accumulating coins at

accusation

CertiK Accused of Stealing $3 Million from Kraken in Alleged Extortion Scheme

* CertiK identified a vulnerability in Kraken's system, leading to $3 million in digital assets being withdrawn. * Kraken accused CertiK of extortion, demanding repayment for the funds taken. * CertiK claimed Kraken threatened employees and demanded a mismatched amount of crypto. * Kraken fixed the bug allowing users to inflate their